Savola iran, SAVOLA, the largest Saudi investor in Iran, had invested in the production of cooking oils, including the brands Ladan, Bahar, and Nastaran. Savola is the leading strategic investment holding company in Saudi Arabia & the rest of MENA region & Turkey. 6m). Get in touch today! Jan 1, 2025 · Riyadh – Mubasher: Savola Foods Company, a subsidiary of Savola Group inked a SAR 705 million sale and purchase agreement on 31 December 2024, according to a bourse disclosure. The unit will sell its entire businesses in Iran, which covers manufac Jan 1, 2025 · Savola Group's Savola Foods unit agreed to sell its entire operations in Iran to an unnamed foreign investor for 705 million Saudi riyals as part of the group's strategy to exit non-core markets. Jan 1, 2025 · Savola’s divestment of Iranian operations aligns with its ongoing prudent strategy to exit non-core markets. Jan 15, 2025 · Savola Group, the biggest Saudi investor in Iran that had more than 50 percent of Iran’s cooking oil market, has suddenly sold all its assets in the country, worth an estimated 705 million Saudi riyals, around $188 million, and has left Iran’s stock market. In a statement to Tadawul, Savola said the agreement was signed with a foreign buyer, which is not a related party. to sell its entire business in Iran for SAR 705 million. A deep analysis of Iran's edible oil industry after its exit. Jan 3, 2025 · Savola Group has struck a deal to sell its operations in Iran to an undisclosed “foreign investor” for SR705m ($187. 6 million). The sale encompasses Savola’s food business in Iran, which includes Jan 4, 2025 · The Saudi Arabian group SAVOLA has sold all its assets in Iran for 705 million Saudi riyals (approximately $188 million) and is exiting the country. Feb 13, 2025 · Discover the rise and departure of Savola in Iran's edible oil industry. The edible oil producer earlier exited Morocco and Iraq in Jan 1, 2025 · Saudi Savola Group announced that its fully owned subsidiary, Savola Foods Company, has signed a binding agreement for the sale and purchase of shares to sell its entire operations in Iran to a foreign investor, for an amount of 705 million Saudi Riyals. Jan 9, 2025 · IRAN – Savola Group, a leading Saudi-based food conglomerate, has announced the sale of its Iranian operations to an undisclosed foreign investor for SAR 705 million ($187. Jan 1, 2025 · The unit will sell its entire businesses in Iran, which covers manufacturing and distribution of edible oils, seafood, bakery and confectionery products Savola Group signed a binding sale and purchase agreement (SPA) through its fully owned subsidiary, Savola Foods Co. The decision reflects the group’s commitment to enhancing value and reallocating resources toward high-potential markets and growth-oriented investments in its food platform. The group stated that this deal is still subject to the completion of some legal procedures and obtaining the necessary regulatory approvals Savola Foods Company exits business in Iran for SAR 705m, aligning with its prudent strategy to exit non-core markets and focus growth-oriented investments in its food platform.


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